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    FOR SALE
    Office buildings

    1 Quail Creek Cir, North Liberty, IA 52317

    16,588 SF 2.67 ac lot Built 1991
    Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US25-2291742
    Property summary
    AI-generated overview

    This exceptional executive office building, located at 1 Quail Creek Circle, presents a unique investment opportunity. The 17,427-square-foot building sits on a generous 2.67-acre lot and is offered for sale at $2,400,000 ($137 per square foot), significantly below replacement cost. Alternatively, the property is available for lease. Three distinct office suites are currently available, ranging from 4,400 to 7,191 contiguous square feet. Each suite boasts numerous private offices, restrooms, conference rooms, kitchenettes, reception areas, and cubicles. A full-service lease is available at $20 per square foot, encompassing taxes, insurance, CAM, and utilities. The expansive lot offers significant redevelopment potential. With rezoning, the site could accommodate a multi-family development of up to 100 units. The building's current vacancy is 17,424 square feet, providing immediate occupancy potential for a single tenant or multiple tenants. The minimum divisible space is 4,400 square feet. This property represents a compelling opportunity for both owner-occupiers and investors seeking a prime location and flexible options.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1991
    Construction FRAME
    Total area 16,588 SF
    Lot 2.67 ac (116,167 SF)
    APN 613304001
    UPID US25-2291742
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $3.13M
    Comparable Approach Comparable
    $2.62M
    Blend (final) Blend
    $3.32M
    Owner & transaction history
    Epley Properties LLC · 21 yrs held
    Epley Properties LLC
    since 2005
    1 recorded transaction
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $3.0M +41.9%
    Retail stores $2.6M +22.0%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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